Russia FX/Rates Snapshot - March 26, 2019
A decent FX bid is being observed at the current level of USD/RUB 64. So, unless something positive happens, such as a resumption of the greenback's slide globally, which is unlikely in the current quite fragile and uncertain environment, USD/RUB has likely bottomed. Still, there could be some strong FX offers from exporters ahead of tomorrow's profit tax payment. So, we expect the ruble to trade flat today.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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